Fossil Group Inc (NASDAQ:FOSL) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 16,080,228 shares, an increase of 8.9% from the January 15th total of 14,772,131 shares. Based on an average daily trading volume, of 1,436,884 shares, the short-interest ratio is presently 11.2 days. Currently, 36.3% of the company’s stock are short sold.
Fossil Group stock opened at $15.88 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 2.01. The stock has a market capitalization of $757.66 million, a PE ratio of 317.60 and a beta of 0.25. Fossil Group has a 52 week low of $7.97 and a 52 week high of $32.17.
In other Fossil Group news, VP John A. White sold 18,800 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $20.75, for a total transaction of $390,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Skinner sold 6,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $21.31, for a total value of $127,860.00. Following the transaction, the director now owns 42,943 shares in the company, valued at $915,115.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,103 shares of company stock worth $829,347. Corporate insiders own 8.20% of the company’s stock.
Several equities analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $17.00 target price (down from $20.00) on shares of Fossil Group in a report on Friday. Zacks Investment Research upgraded Fossil Group from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Tuesday, November 13th. BidaskClub lowered Fossil Group from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. ValuEngine upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet lowered Fossil Group from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Fossil Group currently has a consensus rating of “Hold” and an average target price of $20.00.
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Fossil Group Company Profile
Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories. The company's principal products include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, and sunglasses. It offers its products under its proprietary brands, such as FOSSIL, MICHELE, MISFIT, RELIC, SKAGEN, and ZODIAC, as well as under the licensed brands, including ARMANI EXCHANGE, CHAPS, DIESEL, DKNY, EMPORIO ARMANI, KARL LAGERFELD, KATE SPADE NEW YORK, MARC JACOBS, MICHAEL KORS, and TORY BURCH.
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